[1]	The shares and per share data are presented on a retroactive basis to reflect the share consolidation (reverse share split) on February 17, 2026 (Note 16).

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2024
Operating activities
Net income (loss)	$ (13,291,167)	$ (6,981,068)	$ 1,091,285
Non-cash item adjustments:
Non-cash operating lease expense	30,099	76,956	43,500
Depreciation of right-of-use assets – finance lease	1,531,337	1,546,442	1,300,302
Depreciation of property, plant and equipment	130,485	149,291	156,419
Consulting services settled by issuance of ordinary shares	6,953,860	6,144,000
Deferred tax expenses (recovery)	(267,774)	(143,400)	68,580
Loss (gain) on termination of right-of-use assets – finance lease	(327,403)	11,026	197
(Reversal of) Allowance for expected credit loss	2,315,017	696,640	(22,522)
Change in working capital items:
Change in accounts receivable – third parties	1,957,281	(2,587,091)	(1,000,746)
Change in accounts receivable – related parties	(50,070)	(29,324)	1,533,590
Change in retention receivable	108,500	(46,496)	(405,094)
Change in prepayment, deposits and other receivables	(572,102)	763,634	(787,948)
Change in accounts payable, accruals and other current liabilities	(253,968)	(1,209,269)	(479,398)
Change in accounts payable – related parties		(279,498)	43,069
Change in contract liabilities		(836,911)	734,348
Change in income taxes payable	(216,939)	8,772	148,079
Change in due to related parties	686,348
Change in lease liabilities – Operating lease	(26,266)	(102,941)	(29,449)
Cash provided by (used in) operating activities	(1,292,762)	(2,819,237)	2,394,212
Investing activity
Payment for potential investment in Wangmao	(12,757,589)
Proceeds from termination of finance lease	522,169	747	21,276
Cash provided by (used in) investing activity	(12,235,420)	747	21,276
Financing activities
Repayments to a related party	(596,154)	(333,042)	(623,776)
New borrowings from a related party	1,087,747	666,214	431,867
Repayment of bank loans	(98,610)	(93,505)	(34,822)
Principal payment of finance lease liabilities	(951,909)	(990,816)	(1,074,899)
Principal payment of finance lease liabilities – related parties	(315,533)	(301,979)	(479,055)
Payment of offering costs		(1,438,964)	(385,587)
Proceeds from issuance of common stock, net of issuance costs		5,277,100
Net proceeds from issuance of ordinary shares to 16 investors related to PIPE transaction in 2025-11	13,950,000
Proceeds from issuance of shares to 4 individuals related to SPA in 2026-02	140,882
Cash (used in) provided by financing activities	13,216,423	2,785,008	(2,166,272)
Net increase (decrease) in cash and cash equivalents	(311,759)	(33,482)	249,216
Cash and cash equivalents as of beginning of the year	455,953	489,435	240,219
Effect of exchange rate changes on cash and cash equivalents	(14,010)
Cash and cash equivalents as of the end of the year	130,184	455,953	489,435
Supplementary Cash Flows Information
Cash paid for interest	183,361	224,412	210,713
Cash paid for income tax	216,944	15,337	30,943
Supplementary Schedule of Non-Cash Investing and Financing Activities
Consulting fees paid by issuance of ordinary shares	3,881,860	9,216,000
Accruals for offering cost		519,255
Right-of-use assets obtained in exchange for new operating lease liabilities		67,072	90,342
Right-of-use assets obtained in exchange for new finance lease liabilities		$ 964,362	$ 1,767,504

Consolidated Balance Sheets - USD ($)

Mar. 31, 2026

Mar. 31, 2025

Current assets:

Cash and cash equivalents

$ 130,184

$ 455,953

Prepayment, deposits and other receivables

13,580,633

3,182,185

Retention receivable, net of credit loss allowance of USD384,647 as of March 31, 2026

Total current assets

16,926,629

10,876,856

Property, plant and equipment, net

35,862

166,604

Right-of-use assets – Finance lease

2,412,073

4,137,919

Right-of-use assets – Operating lease

11,175

56,836

Retention receivable, net of credit loss allowance of USD29,077 as of March 31, 2025

464,070

Total non-current assets

2,459,110

4,825,429

TOTAL ASSETS

19,385,739

15,702,285

Current liabilities:

Bank loans - current

102,011

110,766

Operating lease liabilities – current

10,446

41,828

Accounts payable, accruals, and other current liabilities

1,348,126

1,602,094

Income taxes payable

161,500

378,439

Total current liabilities

4,335,334

4,102,378

Non-current liabilities

Bank loans – non-current

749,993

839,848

Operating lease – non-current

10,446

Deferred tax liabilities

267,774

Total non-current liabilities

1,500,867

2,858,691

TOTAL LIABILITIES

5,836,201

6,961,069

Commitments and contingencies

Shareholders’ equity

Common stock, value

1,320

Additional paid in capital

29,400,926

11,433,575

Accumulated other comprehensive income

126,747

Accumulated deficits

(15,984,846)

(2,693,679)

Total shareholders’ equity

13,549,538

8,741,216

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

19,385,739

15,702,285

Common Class A [Member]

Shareholders’ equity

Common stock, value

^[1]

6,711

Common Class B [Member]

Shareholders’ equity

Common stock, value

^[2]

Nonrelated Party [Member]

Current assets:

Accounts receivable, net

2,876,417

6,793,145

Current liabilities:

Finance lease liabilities – current

804,467

945,564

Non-current liabilities

Finance lease liabilities – non-current

451,800

1,262,612

Related Party [Member]

Current assets:

Accounts receivable, net

339,395

445,573

Current liabilities:

Finance lease liabilities – current

200,765

337,361

Non-current liabilities

Finance lease liabilities – non-current

299,074

478,011

Director [Member]

Current liabilities:

Amount due to related parties

$ 1,708,019

$ 686,326

[1]	The shares and per share data are presented on a retroactive basis to reflect the share consolidation (reverse share split) on February 17, 2026 (Note 16).
[2]	The shares and per share data are presented on a prospective basis to reflect the share reclassification on December 14, 2025 (Note 16).